As discussed during the Hooper Holmes 2015 Financial Results Conference
Call on March 29, 2016, the Company completed major steps to strengthen
its balance sheet during the first quarter of 2016. These steps include
completing a rights offering which raised new capital of over $3.5
million, providing additional liquidity and improving the Company’s
capital structure. Further the Company received a $1.2 million
investment by 200 NNH, LLC, an affiliate of Kanon Ventures through the
sale of 10 million shares, subject to an 18-month lock-up period.

Henry Dubois, President and CEO of Hooper Holmes commented, “We have
improved our capital structure by $4.7 million since January 1, 2016.
Year to date we have also won new sales which we expect to contribute at
least $3.3 million in new 2016 revenue.”

Mr. Dubois continued, “In financial terms, 2015 was a record year for
screening units and a record year for Health & Wellness revenues,
marking our seventh straight year of Health & Wellness revenue growth.
We continue to be on track to generate at least $42 million of revenue
in 2016, and to be EBITDA and operating cash flow positive for the full
year.”

For the year ended December 31, 2015, the Company’s audit opinion in the
Form 10-K included a going concern clarifying statement. The Company
will continue to monitor its liquidity carefully and work to reduce this
uncertainty.

More information is available at hooperholmes.com and at
accountablehealthsolutions.com.

This press release contains “forward-looking” statements, as such
term is defined in the Private Securities Litigation Reform Act of 1995.These forward-looking statements are based on the Company’s current
expectations and beliefs and are subject to a number of risks,
uncertainties and assumptions. Among the important factors that could
cause actual results to differ materially from those expressed in, or
implied by, these forward-looking statements are our ability to realize
the expected benefits from this acquisition and our strategic alliance
with Clinical Reference Laboratory; our ability to successfully
implement our business strategy and integrate Accountable Health
Solutions’ business with ours; our ability to retain and grow our
customer base; our ability to recognize operational efficiencies and
reduce costs; uncertainty as to our working capital requirements over
the next 12 to 24 months; our ability to maintain compliance with the
financial covenant in our credit facility and the financing for this
acquisition; and the rate of growth in the Health and Wellness market.
Additional information about these and other factors that could affect
the Company’s business is set forth in the Company’s annual report on
Form 10-K for the year ended December 31, 2014, filed with the
Securities and Exchange Commission on March 31, 2015.The Company
undertakes no obligation to update or release any revisions to these
forward-looking statements to reflect events or circumstances after the
date of this press release to reflect the occurrence of unanticipated
events, except as required by law.